Finance Magnates London Summit is the world’s largest event for the Foreign Exchange (FX) trading industry and attracts c-suite executives from a range of areas including asset managers, top-tier retail brokers, and leading FinTechs.
This year, the summit takes place on 18th – 14th November at the Old Billington in London.
NorthRow will be participating in this year’s event engaging directly with FX firms, banks and Wealth and Asset Managers to explore how we can help them to onboard clients more efficiently while also ensuring they remain compliant.
How NorthRow can help the FX sector?
NorthRow offers financial services clients a range of options from automated regulatory compliance checks through to a managed services capability for enhanced client due diligence and onboarding. Our solutions deliver a unique combination of automated and managed Identity Verification (IDV), Know Your Business (KYB) and Know Your Customer (KYC) services, all via a single API, to help make client onboarding as seamless as possible. We help clients meet their Anti Money Laundering (AML) obligations and support other compliance requirements, including MiFID II client suitability and appropriateness checks.
Automated Client Suitability & Appropriateness Checks
NorthRow works with a number of regulated firms to help ease the burden of meeting MiFID II regulations, by also offering an automated client suitability & appropriateness service. Our platform automates the classification of clients in accordance with MiFID II and instantly determines whether an investment firm can onboard a client to trade with it in a particular service, product, or location. This significantly reduces the time of commencing a business relationship and opens up new opportunities for financial institutions in their provision of financial services around the world.
Reducing Client Onboarding Times
One of the key benefits arising from our approach is that time to onboard a new client is reduced significantly to an average of 7 days (in our experience) leading to greater client satisfaction as well as to cost savings.
If you would like to learn more about how we can improve your client onboarding processes while reducing OPEX costs, visit the NorthRow team at stand D16. Book a Meeting At Finance Magnates. You can request a 1-2-1 meeting with NorthRow team members at the event. Please book some time today.